Ageas : An attractive valuation for a limited risk profile
>A decline in earnings anticipated for Q2 vs a high comparison base - Ageas is due to report its Q2 2019 earnings on Friday 7 August before market open. We forecast net profit of € 247m (-30.4%), above the consensus forecast of € 215m (-39.4%) vs a high Q2 2019 base (non-recurring tax gain in China, impact of the change in the Ogden rate in the UK, gain on RPNI at the holding company level). We forecast net profit from the insurance activities alone of € 292m in Q2 20...Ageas is an insurance company engaged in providing a range of life and non-life products distributed through a variety of channels. Co. focuses on helping its customers to mitigate risks related to property, casualty, life and pensions. Co. serves its customers through a combination of wholly owned subsidiaries, equity associates and partnerships, with financial institutions and distributors in Belgium, the U.K., Luxembourg, Italy, Portugal, Turkey, France, China, Malaysia, India, Thailand and Hong Kong. Co. is organized into five operating segments: Belgium, U.K., Continental Europe, Asia, and General Account.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.